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Trump warns of 'whopping 68% tax increase' if Senate fails to pass historic bill
- Critics argue that the proposed bill primarily benefits the wealthy, increases the federal deficit, and could lead to millions losing health insurance due to Medicaid cuts.
- According to an analysis from the Tax Policy Center, if the bill does not pass, taxes would actually rise by an average of about 7.5% in 2026, not 68%.
- Steve Benen noted that there is a significant difference between two-thirds of households paying more taxes and a 68% tax increase, emphasizing that Trump's claim is incorrect.
18 Articles
18 Articles
'Enormous difference': Analysis demolishes Trump taxes claims
President Donald Trump and some of his allies are claiming that if the One Big, Beautiful Bill Act of 2025 doesn't pass, middle class Americans can expect a substantial tax hike. But critics of the far-reaching megabill are countering that from a tax standpoint, it mainly benefits the rich — while greatly increasing the United States' federal deficit and causing millions of Americans to lose their health insurance thanks to draconian Medicaid cu…
Trump Warns RINOs, Democrats Trying To Foist "whopping 68% Tax Increase" On America - The American Tribune.com
In a very important post on Truth Social, President Donald Trump reminded readers that if the Senate listens to the leftists and RINOs and doesn’t enshrine the Tax Cuts and Jobs Act as the permanent state of things, that will meant not just a minor tax hike, but a “whopping 68% tax increase” for America. As background, the Tax Cuts and Jobs Act, or TCJA, was originally enacted as a temporary measure because of the difference it made in the feder…
Trump Warns of ‘Whopping 68% Tax Increase’ If Senate Fails to Pass Historic Bill - News Addicts
As the Senate continued to inch closer to finalizing President Donald Trump’s “One Big Beautiful Bill,” the president took to social media early Tuesday to warn that a failure to come to an agreement would end in the largest tax increase in history. The message came after lawmakers had been in a marathon “vote-a-rama,” for […] The post Trump Warns of ‘Whopping 68% Tax Increase’ If Senate Fails to Pass Historic Bill appeared first on News Addicts.
The marathon amendment to amendment vote in the Upper House has not made the Great and Wonderful Donald Trump Bill (BBB). If the process began more than 21 hours ago with the desertion of two conservative senators (Thom Thillis and Rand Paul), right now the GOP does not even have the necessary majority (counting Vice President Vance's quality vote) to get ahead. Given this situation, Vance himself has reached the Capitol, while Trumo has warned …
President Donald Trump recaptured national attention with a strong warning: if Congress does not approve his ambitious legislative plan known as One Big Beautiful Bill Act, U.S. taxes could rise by 68%, in what he described as “the biggest tax increase in history.” His statement unleashed tension in the Senate, which is stalled in a marathon voting session.One Big Beautiful Bill Act: the “great and beautiful” bill that shakes the U.S. CongressDo…
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